Property Abroad News | Overseas Property News | News Articles

Countries:
Facebook Linkedin Twitter RSS
Your have 0 properties in your shortlist - View Shortlist >>

Refine Your Search

Istanbul Rental Market Offers Greatest Stability In Turkey

News Posted On: 16 January 2009

Out of six of the largest cities in Turkey, Istanbul offered the most stable rental prices on a monthly basis throughout 2008, according to new figures.

Data compiled by Reidin.com showed that property in the capital had an average monthly nominal earning of 0.54 per cent.

It was rated second in the annual nominal residential returns, with the average property bringing in 6.7 per cent of the total value.

Kocaeli was found to have the highest returns, with properties in area bringing in 6.98 per cent.

However, the stability of prices in Istanbul might make it more attractive to purchasers of overseas property because there is more likely to be a steady price and demand for rental accommodation.

The data from Reidin showed that the monthly figures never dropped below 0.53 per cent or above 0.55 per cent.

In contrast, property in Ankara had fluctuations of around 0.05 per cent throughout the year.

According to Shelter Offshore, the boom in tourism in Turkey is helping to make its property market one of the most appealing in the world.

Written by Les Calvert

Property Abroad - for your overseas mortgages, buyers guides and the latest news on buying property in TurkeyADNFCR-1810-ID-18976800-ADNFCR

Back to news articles for this country


Overseas Property News

Story Behind Growth of Turkeys Real Estate
2014-08-21

Turkey has seen the fastest recovery of real estate in Europe after Spain and Italy. Property values.....

Real Estate in Turkey a Hot Favorite with Gulf Investors
2014-08-07

Real estate in Turkey has been in the limelight for some time now and it is all because of the large.....

Turkey Property Transactions Record High Gulf Investment in 2014
2014-07-20

According to a latest report by Turkish Finance Ministry, the country’s property market continues to.....